The Adaptive Laguerre is based on the Laguerre filter, described by John Ehlers in his paper “Time Warp – Without Space Travel”
MAs obtained using a Laguerre filter tend to have much lower lag than MAs obtained from an SMA or EMA.
- Identify market regime (BULL vs BEAR)
- Smooth out a noisy...
This ADX indicator (Average Directional Index) tries to estimate the strength of a trend. The Average Directional Index is derived from the positive (+DI) and the negative directional indicator (-DI). The direction of movement is determined by comparing the highs and lows of the current and past periods.
As soon as the indicator determines a trend strength for...
Introduction to the Bulls and Bears Indicator
HAVE YOU EVER WANTED TO SEE VISUALLY WHO IS IN CONTROL, THE BULLS OR BEARS?
This indicator aspires to make it much easier for the trader to read the market in a clear and concise manner.
This is an easy to use Bulls and Bears indicator that works very simply:
If the closing price is greater than the 20, 50 or 200...
Dump Detecter uses Stochastic RSI to detect dumps/downtrends. Can be used as an exit trigger for long bots or an entry trigger for short bots. Change settings to lower timeframe for scalping. Pump signals can be turned on with tickbox.
Default Settings are not the usual Stochastic RSI setup and have been tuned to bitcoin 3hr chart:
Timeframe = 3hrs
This indicator works with Follow Line Indicator , evaluates the angle for possible additions or reductions of the position. Many settings to play with:
- FOLLOW LINE CURRENT CHART RESOLUTION
- FOLLOW LINE HIGHER TIME FRAME
- FILTER HIGHER TIME FRAME
- NO FILTER HIGHER TIME FRAME
- ANGLE CONFIGURATION
I decided to republish this one without the trend filter and with all the major symbols active. This will allow for all the patterns to show up.
Due to 15 different candlestick formations in this one script, it will be difficult to turn off the last few due to screen size. You can turn off individual patterns on the settings screen.
I have everything spelled out...
This script detects an event created by Oliver Velez, basically it is a wide-range candle, its range is noticeably larger than the previous candles, this event indicates a possible continuation of the movement, or the beginning of an extended movement. The candle has to be of good body, as a rule it can be taken that the body must be more than 70%. The stop goes...
This simple script decomposes the value of the Average True Range into a bullish component and a bearish component .
The script supports two plotting methods; Mirrored and Two Lines . If Mirrored is chosen, the indicator plots the bullish component as a positive number, and the bearish component as a negative number. If Two Lines is chosen, the indicator...
The FollowLine indicator is a trend following indicator. The blue/red lines are activated when the price closes above the upper Bollinger band or below the lower one.
Once the trigger of the trend direction is made, the FollowLine will be placed at High or Low (depending of the trend).
An ATR filter can be selected to place the line at a more distance level than...
The PSO is a rewired version of a short-period stochastic. Unlike a standard stochastic oscillator, this indicator is normalized to register neutral values at zero while providing greater sensitivity to short-term price moves. This indicator uses a central zero line as a reference point and will oscillate above and below this point as price fluctuates. In...
This indicator finds possible points of reversion, you can use it to stack positions and get a good average price for when the price changes direction, it is the trader responsibility to manage the position and make a profit.
See market structure at a glance with Higher Highs and Lower Lows. Bullish/Bearish/Ranging market bias is automatically derived. Optionally get alerted for breaks in market structure. Uses true Local Highs/Lows instead of simply the highest/lowest "pivot" for x bars. Can be useful as a support for learning market structure or for alerts for a change in structure...
This is a better, cleaner version (in my opinion) of an part of an indicator I was using that was coded up by cI8DH. I reached out to him about cleaning up the code (things weren't working) for Pinescript v4, but he no longer seems to be active, so I thought I might take it upon myself to at least work out this portion of the indicator.
Much credit goes to him....
Do you find it difficult to analyze trends?
This indicator will help you to have an objective analysis of the trend.
Let's start .....
In this indicator Bears and Bulls go their separate ways.
-The Bull line (bullish green) always goes above zero.
-The Bear line (bearish red) always goes below zero.
With a quick glance, you will know who is winning.
This is a simple indicator that plots the 24 & 9 EMAs.
It also highlights the potential bias of the market (bull or bear) based on if the 9 EMA is above or below the 24 EMA.
In addition there are signal crosses that you can use for alerts.
This indicator is best used to confirm a particular underlying bias on the 5m, 15M, 1HR, 4HR, and Daily timeframes.